Rama Krishna Sangem
The rise and fall of Chitra Ramakrishna, 59, high profile business leader of India and former managing director of National Stock Exchange of India Limited (NSE), is interesting. This is a classic case of mix of business and religion in our country. Her confession to IT and CBI sleuths this week say she was guided by Guru, a Himalayan Yogi in her business decisions for the last 20 years.
She stunned the Income Tax sleuths by disclosing that she hired Anand Subramanian as her adviser and chief strategist on the advice of a Yogi from Himalayas. This Anand was first paid a salary of Rs 1.38 crore per annum and later got a hike up to Rs 4 crore pa. He is responsible for several misdeeds reported at NSE during the period. “This Yogi is a Siddha, (super soul) with no body,” she said.
The entire thing came to light as a Singapore based company lodged a complaint in 2015 against NSE alleging that it provided access to its servers of a private securities firm, which is illegal, amounting to insider trading. SEBI (Securities and Exchanges Board of India) launched a probe into it and found prima facie evidence. Later, the matter went to the Delhi High Court.
NSE was formed after the Harshad Mehta scam in early 1990s at Bombay Stock Exchange (BSE). Chitra, an IDBI executive then, took initiative to establish NSE in 1995. Then, NSE started with 135 companies and daily turnover of equities worth Rs 17 crore. Now, it is one of the biggest stock exchanges in the world with Rs 7,500 listed companies with a turnover of Rs 60,000 crore.
Chitra, a professional Chartered Accountant and a classical musician who plays Veena, is a star in her own right as she led NSE from 2013 to 2016 as its MD and CEO.
Chitra told IT sleuths and later CBI officials that she took most decisions on the advice of this Yogi, who can appear and disappear at his will (because he is a Siddha). This statement of her caused flutters across the country as investors woke up to the reality that their money is not in safe hands.
Chitra is a star in the business world, especially among the stock brokers. She took a salary of Rs 9.3 crore per annum as MD and CEO of NSE. Unlike her predecessors, she freely met stock brokers and interacted with them on various issues. She claims to be a follower of Mahatma Gandhi, but strong political connections in Delhi. She figured in the Forbes magazine’s most powerful women list.
She told IT sleuths and later CBI officials that she took most decisions on the advice of this Yogi, who can appear and disappear at his will (because he is a Siddha). This statement of her caused flutters across the country as investors woke up to the reality that their money is not in safe hands. We need to wait for further investigation by CBI on this.
We hear rumours about these sorts of linkages in Hyderabad, Mumbai, Delhi, Karnataka etc. What we cannot understand is why our religious heads should maintain closer relations with businessmen or vice-versa. Ordinary people have every reason to suspect that the Ashrams of these religious heads are used as meeting points for businessmen and political leaders. The picture is hazy.
incisive
An investigative and an informative article.is chitra diverting investigatiion using sidha baba ?
An investigative and an informative article.is chitra diverting investigatiion using sidha baba ?